- Jindalee Resources Limited (ASX:JRL) has announced encouraging diamond drill program results from Clayton North.
- The drilling has confirmed lithium mineralisation at the Clayton North project.
- The drilling provided the best result of 6.1m @ 1093ppm lithium from 24.4m depth in the CNDD012 drill hole.
Jindalee Resources Limited (ASX:JRL) has recently announced the drilling results from its wholly owned Clayton North project based in Nevada, USA. The Company’s Clayton North is situated about 22km north of Albemarle’s (NYSE: ALB) Silver Peak brine operations - now the only producing lithium mining operation in the USA.
Encouraging results from drill program
The diamond drill program at the project was designed as a proof-of-concept test to follow up anomalous lithium from surface sampling conducted by Jindalee in 2018. Six holes of a planned twelve-hole program were finalised to inspect the sub-surface potential for lithium mineralisation.
The drilling provided the best result of 6.1m @ 1093ppm lithium from 24.4m depth in the CNDD012 drill hole, including 3.05m @ 1205ppm lithium. Another significant intercept from CNDD012 included 11.2m @ 1006 ppm lithium from 33.6m depth.
The remaining five holes intersected coarse gravel and coarse conglomerate sedimentary units with small lithium mineralisation. The geologic model was revised on-site as the drill holes were drilled, and it was decided not to finalise the remaining holes.
The completed holes were diamond drilled, and detailed geological logging of the drill core and surface mapping will be utilised to revise the mineralisation model at the Clayton North project and inform potential work programs.
Background to Clayton North
Clayton North was generated internally by Jindalee. The project was acquired for the cost of fieldwork, filing, and staking the relevant claims.
Jindalee pegged the mineral claims at the Clayton North project after a reconnaissance field trip in 2018. A combination of the auger and composited rock chip samples were collected at the project. These samples validated sediment-hosted lithium mineralisation in weathered surface materials. Interestingly, this is the first time the Clayton North potential has been tested by drilling.
Jindalee is making fast-paced progress at Clayton North, with the latest drilling confirming lithium mineralisation at the project. Looking ahead, the Company plans to complete compilation of the drilling results, field mapping and stratigraphic sections, as well as the sourcing of additional data once additional assay results from Clayton North have been received. Meanwhile, the Company has received the key McDermitt drill permit, with drilling likely to commence in the next fortnight.
Jindalee shares are trading at A$2.510 as of 2:07 PM AEDT.